Posts Tagged ‘Economy’

Republicans want to cut taxes by $1.5 trillion. If past practice is any guide, most of these tax cuts will go to the rich, who won’t invest it to create new jobs. (And if they did, it’s hard to see how they’ll fill them, because the U.S. economy already is at full employment and ha[...]

While U.S. household debt has regained 2008 levels, there is more income servicing that debt, and credit quality is better. “This means that the new peak in household debt is far less worrisome than the levels we saw in 2008 and more likely part of a much-needed boost in overall debt servicing[...]

Dimon says ‘bad policies’ are ‘hurting the average American’ Nine years after Barack Obama began the effort to pull us out of the Bush era’s Great Recession, the US is in the ninth year of expansion. That should be great news but J.P. Morgan Chase & Co.’s outspoken CEO Jami[...]

Ford Motor Co. is moving production of its Focus model to China after production at its Michigan plant ends in 2019. Trump thanked Ford on Twitter for its decision to scrap the Mexican plant. The move, which Ford estimates will save it $500 million in production costs for the car, comes after Tru[...]

Construction costs are significantly higher in the US than other countries — but GOP refuses to investigate Construction costs in the United States are significantly higher than what Europeans pay, but when given the opportunity to look into the cause and ways to streamline costs, the GOP killed t[...]

Asia-Pacific Economic Cooperation forum takes up trade changes spurned by Trump (Hanoi) Now that U.S. President Donald Trump has declared his “America First” protectionist policy ministers from the China, Japan and other members of the Asia-Pacific Economic Cooperation grouping, which acc[...]

CHINA TAKES ON BOEING SHANGHAI, May 5 (Xinhua) — China took a major step toward becoming a global aviation powerhouse as its homegrown large passenger plane, the C919, took to the sky on Friday. The flight makes China the fourth jumbo jet producer after the United States, Western Europe and Ru[...]

The Mercury NewsLiked In Santa Clara County, $84,750 is the low-income threshold for a family of four. It’s even higher in San Francisco and San Mateo counties. In costly Bay Area, even six-figure salaries are considered ‘low income’ That’s according to the U.S. Department of Housing and[...]